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Started By
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The cost of shipping a container from China to the U.S. hit a record $20,586
Posted on 10/1/21 at 7:20 am
Posted on 10/1/21 at 7:20 am
quote:
The commercial pipeline that each year brings $1 trillion worth of toys, clothing, electronics and furniture from Asia to the United States is clogged and no one knows how to unclog it.
This month, the median cost of shipping a standard rectangular metal container from China to the West Coast of the United States hit a record $20,586, almost twice what it cost in July, which was twice what it cost in January, according to the Freightos index. Essential freight-handling equipment too often is not where it’s needed, and when it is, there aren’t enough truckers or warehouse workers to operate it.
As Americans fume, supply headaches that were viewed as temporary when the coronavirus pandemic began now are expected to last through 2022.
Inside America’s Broken Supply Chain
14
Posted on 10/1/21 at 7:21 am to stout
quote:
As Americans fume,
Well, maybe a little pain will help them demand we start making some things in this country again...
Posted on 10/1/21 at 7:22 am to stout
This is insane
I have a friend in Mex who is in shipping he said some are up to 40k
Dudes crushing it right now looking to expand
I have a friend in Mex who is in shipping he said some are up to 40k
Dudes crushing it right now looking to expand
Posted on 10/1/21 at 7:24 am to The Maj
Naw, Democrats laugh at things like this. Just part of destroying the country. You speak like they will have to or want to fix this. They may pretend to, but whatever they do will make it purposefully, much worse.
Posted on 10/1/21 at 7:24 am to stout
good
Posted on 10/1/21 at 7:24 am to stout
The highest we’ve paid so far is $28,500 last month. We were paying an average of $4500 pre Covid. It’s pretty insane.
Posted on 10/1/21 at 7:24 am to stout
Last one I paid for was 24k. And that's not even including the tariffs which Biden promised he would get rid of.
Americans are gonna see huge price increases this fall.
Americans are gonna see huge price increases this fall.
Posted on 10/1/21 at 7:26 am to jeffsdad
quote:
Naw, Democrats laugh at things like this.
As much as the government controls, they do not control how or where I spend my money, yet... That is what will drive making things in this country again more than anything else...
quote:
Just part of destroying the country.
This is coming regardless of what we do but we can make it as painful as possible before they manage to get it done...
Posted on 10/1/21 at 7:30 am to stout
Turtle's Father-in-Law is making a killing.
Which brings me to my question. Is everyone in Washington,D.C. on the take? Inquiring minds want to know.
Which brings me to my question. Is everyone in Washington,D.C. on the take? Inquiring minds want to know.
Posted on 10/1/21 at 7:41 am to Zarkinletch416
quote:
Is everyone in Washington,D.C. on the take?
Well…how did they become multimillionaires by working at jobs that pay $150k/yr?
Posted on 10/1/21 at 7:43 am to stout
This is exactly what IB Ximan wants.
Posted on 10/1/21 at 7:44 am to stout
So maybe we should do business elsewhere? China isn't the cheap option anymore.
Posted on 10/1/21 at 7:45 am to stout
I hope a few things come from this.
Democrats destroy any goodwill amongst moderate blues and independents.
America stops relying on china for every little thing
Democrats destroy any goodwill amongst moderate blues and independents.
America stops relying on china for every little thing
Posted on 10/1/21 at 7:48 am to LB84
Manufacturing doesn’t turn on a dime.
They have been undercutting us and other countries for years between slave labor, government subsidies, intellectual theft, etc.
We can move away from them but it requires another economy be able to make up that manufacturing and shipping we need from them.
Think of this as China boycotting US soybeans last year or so. There were only so many soybeans to be bought and they weren’t buying from us, so Brazil gouged them and bought our soybeans to account for the extra demand.
This is fixable in the long term but not in a short timeframe.
They have been undercutting us and other countries for years between slave labor, government subsidies, intellectual theft, etc.
We can move away from them but it requires another economy be able to make up that manufacturing and shipping we need from them.
Think of this as China boycotting US soybeans last year or so. There were only so many soybeans to be bought and they weren’t buying from us, so Brazil gouged them and bought our soybeans to account for the extra demand.
This is fixable in the long term but not in a short timeframe.
Posted on 10/1/21 at 7:53 am to jeffsdad
IB Dumbfrick was on here yesterday blaming this on Trump's tariffs. LOL
Posted on 10/1/21 at 7:57 am to The Maj
quote:
Well, maybe a little pain will help them demand we start making some things in this country again...
It's that giant sucking sound we were warned about in 1992.
Posted on 10/1/21 at 8:06 am to Themole
Biden’s fricking America
Posted on 10/1/21 at 8:11 am to stout
And that is just the tip of the iceberg. We import 20M pounds red iron oxide from China, India and Germany yearly. Asia imports were always more than India and Germany container freight cost. Over the last month they have said, US manufacturers will pay and their rates are now in lock step with Asia.
The freight and handling cost are now cost more than the product inside those containers. The sudden, last 6 months, rise in container freight cost is sending US manufactured goods, that use raw materials from overseas to soar. Hell, Home Depot, said frick it and leased their own ship to move only their goods.
The Walmarts, Targets etc will bid higher to make sure their "trinkets" get on board and they will bump raw materials to later sailings. WE can't raise pricing fast enough. Very interesting times.
The freight and handling cost are now cost more than the product inside those containers. The sudden, last 6 months, rise in container freight cost is sending US manufactured goods, that use raw materials from overseas to soar. Hell, Home Depot, said frick it and leased their own ship to move only their goods.
The Walmarts, Targets etc will bid higher to make sure their "trinkets" get on board and they will bump raw materials to later sailings. WE can't raise pricing fast enough. Very interesting times.
Posted on 10/1/21 at 8:24 am to deaconjones35
quote:Shpuld still hav plenty of margin for “absorbing” corporate tax increases, amiright?
The highest we’ve paid so far is $28,500 last month. We were paying an average of $4500 pre Covid. It’s pretty insane.
Posted on 10/1/21 at 8:27 am to The Eric
quote:
I hope a few things come from this.
Democrats destroy any goodwill amongst moderate blues and independents.
America stops relying on china for every little thing
I know this isn’t the saying, but you can hope in one hand and shite in the other. Let me know which one fills up faster.
Unfortunately.
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